CSUN - China Sunergy Co., Ltd.

China Sunergy Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cells in the People’s Republic of China and internationally. The company manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process, known as the photovoltaic effect. It sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble its solar cells into solar modules and solar power systems for use in various markets. The company was founded in 2004 and is based in Nanjing, the People’s Republic of China.

China Sunergy Co. Ltd.
No 123 Focheng West Road
Jiangning Economic & Technical Development Zone
Nanjing, 211100
China - Map
Phone: 86 25 5276 6688
Fax: 86 25 5276 6882
Website: http://www.n-pv.com

On fire today.

Closed up 50%.

I hope people got in this baby.

A bit over the top run but this stock should still outperform the broader markets as they still have growth in the infancy stage.

Bouncing back of base with average volume.

Filled its downard gap.

There could be some continue momentum.

The momentum continues.

Good revrsal today after a lower open.

Exploded today.

Set base and weekly cup and handle fromation priot to the breakout.

The stock set tow consecutive days of closing Marabozu candles prior to the breakout. This was coming.

We could see a an A.M rmodest ise followed by some selling mid-day which at that point will become the key pivot point of the day.

If buyers show up on large blocks then we could see a P.M continued relief pattern, if not then I would to see at which intra-day support levels the stock hits before entering.

Nice push today.

It looks to me like the stock is going to try to test its high and consoldiate prior to breaking to a new all time high.

Strong move today.

Needs to break 10-14 channel level if wants to test its all time high.

Volume certaintly in place.

Strong move by CSUN today(SOLF's main buyer).

Look for CSUN to develop a similar pattern as SOLF in coming days.

Brief pattern descricption:
CSUN is coming off a tight consolidation pattern, it had a breakout today(confirmed at $8.34) with volume, DMI and SAR correlation. It closed with a open wedged-marabozu candle, meaning a gap up is set for tomorrow, where the stock can either set a daily pennant and rally another 8%+ or retrace, close its gap, consolidate(5 min chart) and then break up about 5% or down about 6%(L2+L3 bid and ask behavior).

In other words tomorrow is key. It's playable either way.

Given todays close, it looks like we could have a $10.12 close.

Came in pretty close with the call.
The stock closed up $10.45.

Good long term story here.